Oscars 2014: Cate Blanchett wins best actress

Cate Blanchett speaks on stage after she won best actress for her work in Blue Jasmine at the 86th Academy Awards in Hollywood, California on March 2, 2014. -- PHOTO: REUTERS 
Cate Blanchett speaks on stage after she won best actress for her work in Blue Jasmine at the 86th Academy Awards in Hollywood, California on March 2, 2014. -- PHOTO: REUTERS 

LOS ANGELES (REUTERS) - Australian Cate Blanchett won the best actress Oscar on Sunday for her role as a socialite who suffers a breakdown in Woody Allen's Blue Jasmine.

The win is Blanchett's second Academy Award. The 44-year-old was favored to win this year's prize after picking up Golden Globe, Screen Actors Guild and Bafta awards earlier this year.